300 Communipaw UNIT 235Jersey CityNJ07304
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Jersey City at 300 Communipaw UNIT 235, Jersey City, NJ, 07304 generates $4,915/mo in rent, after a $4,371/mo payment. Total monthly income is $4,915/mo. Return on cash invested sits at 11.45% in year one, and rental yield is 6.6% on a $893,000 entry. Equity gained on principal adds $5,762/yr, while 5% annual appreciation builds toward $246,719 over five years. Five-year ROI reaches 59.65% and total cumulative return in cash sums $175,258. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,915/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$658 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07304, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,319 (100%) |
| Owner Occupied HU | 4,471 (20.0%) |
| Renter Occupied HU | 15,345 (68.8%) |
| Vacant Housing Units | 2,503 (11.2%) |
| Median Home Value | $571,772 |
| Average Home Value | $619,563 |
Housing Distribution
Address Breakdown
Residential
20,282
Single Family
9,517
Multi-Family
10,765
Businesses
1,035
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Listed by: Lawrence Vecchio • Vri Homes
Mls Name: GSMLS
Mls Provider:
Mls ID: #3915632
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